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April 18, 2011

Royal Group receives right to launch first Cambodian satellite

ROYAL Group received a concession to launch Cambodia’s first satellite
into orbit, creating what the company sees as another integral step
forward for the ASEAN economy, officials said yesterday.

Cambodian
Satellite 1 is set to launch in the first quarter of 2013, and cost
between US$250 million and $350 million to build and put in orbit,
serving phone, television and other multimedia customers, Royal Group
Chairman Kith Meng said yesterday.

“It’s trade in the sky rather
than trade on the ground,” he said, adding the satellite will benefit
ASEAN as a whole, as member states will be able to lease satellite
services from the Kingdom, further driving the region’s economy.

The
satellite is set to be launched by Royal Group subsidiary Royal Blue
Skies, after receiving the concession from the Ministry of Posts and
Telecommunications on Wednesday.

Kith Meng said the government
is “fully supporting” the project, adding Prime Minister Hun Sen had
lent his approval to the efforts.

Royal Group Chief Financial
Officer Mark Hanna said that country-to-country business was part of the
company’s overall plan for the satellite.

There will be a huge
demand for bandwidth coming out of Asia in the future, driven by
high-definition television and the internet, and the added capacity via
satellite will help meet that demand, he said.

The firm plans to
first sell services into the Cambodian market, and then branch out into
Indonesia, Thailand, Vietnam, Malaysia and other ASEAN nations.

“We see it as very positive for the future, but it’s going to take time,” he said.

The satellite’s launch was touted as an important development for Cambodia.

“It
gives the country security over its international transmission,
communications and everything. So it is very, very important for the
country,” Mark Hanna said.

Kith Meng declined to provide details
of the satellite itself citing security reasons, but he did confirm that
Royal Group was working with a number of manufacturers to build it.

The
potential costs would depend upon the final build, he said, adding that
Royal Group is working with different sources to generate the necessary
financing. A second announcement will be made once that process is
complete.

Kith Meng said the satellite will offer Cambodia some
autonomy, allowing the Kingdom to operate its own satellite rather than
lease services from other providers.

And with Thailand and
Vietnam having their own, and Laos intending to launch one, there’s no
reason for Cambodia to not have one as well, he said.

“I think it’s the right time for Cambodia to shoot its own satellite in … orbit,” he said.

“It’s
good for Cambodia as a nation that we have the ability to launch the
satellite. Not just for [Royal Group] but also for the country,” he
continued. “And we should all be proud of that.”

Minister of Post
and Telecommunications So Khun confirmed yesterday that the concession
had been granted, but declined to discuss the matter further.

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